Ролята на самофинансирането в структурата на другите техники за финансиране активите на фирмата
The Role of Self-Financing in the Structure of Other Techniques for Financing the Company's Assets

Summary/Abstract: Financing of the company with equity capital is a specific way of financing. It ensures a continuity of the production process, expansion of the production, renovation of the fixed assets, implementation of the investment program and stable positions of the company on the capital market. The difference between the equity financing and the external financing predetermines the opportunities for the future development of the company by realizing new investments. On this basis, in the present research paper the attention is focused on the relationship between the sources of the external financing and self-financing; the impact of self-financing on the positions of managers and shareholders; self-financing and the investment policy of the company; comparative analysis of the advantages and disadvantages of self-financing and other techniques for financing the company.

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